INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Public lender Bank of Baroda on Friday reported a standalone loss of Rs 1,407 crore for December quarter, as total provisions
jumped 54 per cent to Rs 6,365 crore
The bank had posted a profit of Rs 436 crore in the year-ago period.
Fresh slippages came in at Rs 10,387 crore for the quarter.
However,
led by 8.8 per cent increase in CASA deposits, net interest income (NII) grew 9 per cent to Rs 7,128 crore
Net interest margin (NIM) improved by 18 basis points to 2.80 per cent from 2.62 per cent in Q3FY19.
Gross NPA ratio declined to 10.43 per
cent as on December 31 against 10.91 per cent during the same quarter of previous financial year
Absolute gross NPA came in at Rs 73,140 crore
operating profit came in at Rs 4,958 crore, an increase of 8.5 per cent
Treasury trading gains were higher at Rs 584 crore compared with Rs 464 crore last year
Retail loan portfolio grew by 15.3 per cent, driven by a robust growth in auto loans at 42.9 per cent and home loans at 10.2 per cent
Capital adequacy ratio of the bank stood at 13.48 per cent as on December 31.
